Eagle Bancorp, Inc. (NASDAQ:EGBN) Stake Cut by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC reduced its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating) by 39.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,253 shares of the financial services provider’s stock after selling 58,271 shares during the period. Cubist Systematic Strategies LLC owned about 0.28% of Eagle Bancorp worth $4,000,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EGBN. BlackRock Inc. raised its stake in shares of Eagle Bancorp by 1.7% during the 1st quarter. BlackRock Inc. now owns 4,708,887 shares of the financial services provider’s stock worth $268,453,000 after purchasing an additional 77,845 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Eagle Bancorp by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,458,795 shares of the financial services provider’s stock worth $197,186,000 after purchasing an additional 67,255 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Eagle Bancorp by 8.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,529,083 shares of the financial services provider’s stock worth $68,532,000 after purchasing an additional 118,044 shares in the last quarter. FMR LLC raised its stake in shares of Eagle Bancorp by 13.7% during the 2nd quarter. FMR LLC now owns 1,463,109 shares of the financial services provider’s stock worth $69,366,000 after purchasing an additional 176,776 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Eagle Bancorp by 1.1% during the 2nd quarter. State Street Corp now owns 1,383,993 shares of the financial services provider’s stock worth $65,615,000 after purchasing an additional 15,194 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Stock Performance

Shares of NASDAQ EGBN opened at $43.43 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 9.28 and a beta of 0.91. The business’s 50-day simple moving average is $45.56 and its 200-day simple moving average is $45.88. Eagle Bancorp, Inc. has a 52 week low of $41.97 and a 52 week high of $60.64.

Eagle Bancorp (NASDAQ:EGBN – Get Rating) last issued its quarterly earnings data on Wednesday, January 18th. The financial services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.16. The business had revenue of $90.93 million for the quarter, compared to analyst estimates of $89.20 million. Eagle Bancorp had a return on equity of 13.16% and a net margin of 33.56%. As a group, equities research analysts expect that Eagle Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Thursday, January 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Wednesday, January 4th. Eagle Bancorp’s dividend payout ratio is 38.46%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EGBN shares. Piper Sandler reaffirmed a “neutral” rating and set a $50.00 price target on shares of Eagle Bancorp in a research note on Monday, December 5th. StockNews.com downgraded Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th.

Eagle Bancorp Company Profile

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Eagle Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking services. The firm offers checking accounts, business savings accounts, online and mobile banking, insurance, and investment advisory services, borrowing, and treasury management. Its customers include sole proprietors, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near the bank’s primary service area.